Common use of Default on Senior Debt Clause in Contracts

Default on Senior Debt. The Company may not pay principal of or interest on the Securities and may not acquire any Securities for cash or property other than capital stock of the Company if:

Appears in 29 contracts

Samples: Indenture (Capitalsource Inc), Indenture (Carnival PLC), Indenture (Capitalsource Holdings LLC)

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Default on Senior Debt. The Company may not pay principal of principal, premium, interest or interest Additional Amounts on the Securities and may not acquire any Securities for cash or property other than capital stock of the Company if:

Appears in 2 contracts

Samples: Unumprovident Financing Trust Iii, Union Planters Corp

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Default on Senior Debt. The Company may not pay ----------------------- principal of or interest on the Securities and may not acquire any Securities for cash or property other than capital stock of the Company if:

Appears in 1 contract

Samples: NVR Inc

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